Perseus Mining is a rapidly growing African gold producer, developer, and explorer.
Perseus was founded: Perseus established as junior exploration company and acquires Tengrela gold project in Côte d’Ivoire (now Sissingué)
Perseus acquires Edikan: Perseus acquires the Ayanfuri exploration licenses in Ghana (now Edikan)
Financial Investment Decision to develop Edikan Gold Mine
Commercial Production:Edikan Mine commenced commercial production
Perseus Acquire Yaouré Exploration Licence
Financial Investment Decision to develop Sissingué Gold Mine
Sissingue Commenced Commercial Production
Financial Investment Decision to develop Yaouré Gold Mine
Perseus acquired Exore Resources (Bagoé permit near Sissingué)
Commence Commercial Production at Yaouré Gold Mine
Significant organic growth pipeline
Future Production On Track: Perseus on track to achieve production of 500,000 ounces per annum
Acquisition of Orca Gold Block 14 Development Project & Koné Gold Project
A premier African Gold Company
Perseus started life as a junior exploration company in 2004, exploring tenements in both Ghana and Côte d’Ivoire. In 2006 Perseus acquired the Ayanfuri exploration licences in Ghana that had previously hosted heap leach mining operations. Significant exploration success followed, and the company rapidly evolved from explorer to developer and then gold producer in 2012 with the successful development of the Edikan Gold Mine.
In pursuing our strategy of becoming a multi-mine, multi-jurisdictional gold producer, developer and explorer, we developed our second gold mine, the Sissingué Gold Mine in Côte d’Ivoire, based on an exploration discovery made early in the company’s history. Since achieving commercial production at the end of March 2018, Sissingué has surpassed all expectations, routinely exceeding internal targets for run time, recovery, gold production and costs.
Perseus commenced development of its third mine, the Yaouré Gold Mine, also in Côte d’Ivoire in May 2019, three years after the acquisition of Amara Mining plc. Yaouré first gold was poured ahead of schedule in December 2020, and Perseus declared commercial production in March 2021.
By FY22, the combination of gold production from existing assets, including increased production at Edikan, and the new production from Yaouré will lift Perseus’s gold production to more than 500,000 ounces of gold per annum.
In May 2022 Perseus acquired Orca Gold and is now the owner and developer of the Block 14 Project in northern Sudan and holds a 31.4% stake in the Koné Gold Project in Côte d’Ivoire. This acquisition adds a high-quality development project to our portfolio, that if brought on stream as intended, should ensure that Perseus can maintain or exceed its targeted production level well into the next decade.
Perseus is focused on maintaining this level of gold production and generating a cash operating margin of not less than US$400 per ounce for the foreseeable future by optimising and extending the life of existing assets, and through the discovery and acquisition of new Mineral Reserves. Perseus remains an African focused gold company where it believes its many years of proven development and operational experience provides a competitive advantage for the company.